C&W Selects Rosewood Court for New Office Location
2 Apr, 2010, Dallas
Cushman & Wakefield of Texas, Inc. (C&W), Dallas-Fort Worth's premier commercial real estate services firm, has completed negotiations with Rosewood Property Company on a 24,000-square foot lease in Rosewood Court, a luxury office development of Rosewood Property Company and one of Uptown's most prestigious office buildings. C&W will relocate its Dallas branch operations to the 9th-floor office space located at 2101 Cedar Springs, Dallas, TX, 75201.
"A Dallas address was extremely important for us going forward and with the business climate and vibrancy of the marketplace in Uptown, it was a perfect fit for our future strategy. We are very excited about the opportunities this move will provide our professionals and our clients," said Elizabeth Trocchio, C&W's Executive Vice President - Area Leader and manager of the Dallas branch, which currently includes more than 100 in-house employees. "It is always interesting going through the same relocation process ourselves that our professionals work through on a daily basis with their clients. As is often the case, strong business relationships are the deciding factor and with Rosewood that was certainly the case. In the end, this was exactly what we were seeking when we began the process several months ago."
Rosewood Court is a 19-story class AA office tower situated on the most prominent corner in Dallas- Uptown district (Pearl Street and Cedar Springs). The 10-year lease includes signage facing Cedar Springs Road, where approximately 60,000 cars pass daily. The property is adjacent to Rosewood Crescent Hotel and is less than three minutes from downtown Dallas, the Arts District and the Design District. Rosewood Court is currently home to other prestigious office tenants such as The Rosewood Corporation, as well as fine dining at Ocean Prime.
"We are pleased to have Cushman & Wakefield as the most recent addition to our tenant roster in Rosewood Court," said Dennis King, Senior Vice President of Rosewood Property Company, who along with Sue Fish, President of Rosewood Property Company represented the ownership group in the transaction. "As a well-known and respected real estate firm both in this area and internationally, Cushman & Wakefield is regarded as a high profile tenant. The Uptown area benefits greatly from the relocation of quality tenants like Cushman & Wakefield to this submarket. We are pleased to expand our existing relationship with C&W."
Stream Realty Partners, LP, is the exclusive leasing agent for Rosewood Court. Tim Terrell and Rebecca Rambie are the leasing agents for the property.
C&W's Dallas branch office, which is currently located in the Millennium building in Addison, TX, will relocate to Rosewood Court on August 1, 2010. C&W's project management group, led by Randy Thompson, Managing Director, will oversee build-out of the new office space.
Cushman & Wakefield is the world's largest privately-held commercial real estate services firm. Founded in 1917, it has 231 offices in 58 countries and more than 13,000 employees. The firm represents a diverse customer base ranging from small businesses to Fortune 500 companies. It offers a complete range of services within five primary disciplines: Transaction Services, including tenant and landlord representation in office, industrial and retail real estate; Capital Markets, including property sales, investment management, investment banking, debt and equity financing; Client Solutions, including integrated real estate strategies for large corporations and property owners, Consulting Services, including business and real estate consulting; and Valuation & Advisory Services, including appraisals, highest and best use analysis, dispute resolution and litigation support, along with specialized expertise in various industry sectors. A recognized leader in global real estate research, the firm publishes a broad array of proprietary reports available on its online Knowledge Center at www.cushmanwakefield.com.
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